James Halstead PLC
25 July 2007
25 July 2007
James Halstead plc
Pre-close Trading Statement
James Halstead plc, international manufacturer and distributor of commercial
floor coverings is issuing the following trading statement prior to entering the
close period ahead of its full year results for the year ended 30 June 2007.
James Halstead plc will announce these results on 1 October 2007.
The strong sales performance for the first half reported in March 2007 has
continued into the second half of the year with all subsidiaries reporting
turnover increases. The Continental European based subsidiaries, Australia and
Phoenix are on line to report 'like for like' double-digit sales growth.
As noted in an earlier update the upgrade to the Polysafe facility, in
Manchester, was successfully completed in April 2007 and full production resumed
ahead of schedule with output increases and with the potential for further
product development.
The UK based manufacturing facility has continued to face raw material price
increases and increased energy costs but with the increased sales of
complementary product manufactured elsewhere margins have been, at least,
maintained. It is anticipated that the Group's pre tax profit for the year just
ended will be above market expectations.
Enquiries:
Mark Halstead, Chief Executive Telephone : 0161 767 2500
Gordon Oliver, Finance Director
Amy Faulconbridge, Hudson Sandler Telephone : 020 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.